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- The sell-off is gaining traction with all the coins deep in the red.
- Bitcoin hovers around $ 3,600 handle, vulnerable to new losses.
- Cardano and Bitcoin Cash are the biggest losers.
The cryptography market is again dark red. Bitcoin and all the main illegal immigrants are bleeding when a short period of recovery in the new year has melted into a massive wave of sales, amid new regulatory concerns and blockchain vulnerability issues. The total capitalization of all digital assets in circulation has fallen to $ 121.9 billion, which is the lowest level since December 28.
The European Commission can classify certain cryptocurrencies and tokens as financial instruments, following the research paper presented by the European Banking Authority. It will help solve the problem of irregular regulation and strengthen the requirements for customer protection and anti-money laundering issues. Read more about it here.
In addition, investors are wary of the 51% attack that is occurring on the Ethereum Classic network. These developments discourage market sentiments and push prices further down.
Bitcoin it is around $ 3,600 to manage, down nearly 10% from this Thursday hour. The largest digital currency recovered from $ 3,560 at the bottom, the sell-off can be resumed once European players join the game.
Ethereum, the second largest coin in the Coinmarketcap valuation, is down nearly 15% to trade at $ 128.99 at the time of writing. ETH / USD follows the trend of the largest cryptocurrency market. Apart from this, it is under pressure due to the next update of Constantinopole.
Ripple & # 39; s XRP, the third largest currency by market capitalization, has lost more than 12% since Thursday. The currency is around $ 0.33 with a downward trend.
Cardano (ADA) e Bitcoin money (BCH) are the biggest losers of the top-20. They lost 19% and 18% of their values in the last 24 hours.
